SHORE BANCSHARES INC (SHBI) Stock Technical Analysis
NASDAQ:SHBI - US8251071051 - Common Stock
17.11 USD
+0.01 (+0.06%)
17.11 USD
0 (0%)
Overall SHBI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHBI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SHBI did better than 79% of all other stocks.
SHBI is one of the better performing stocks in the Banks industry, it outperforms 77% of 393 stocks in the same industry.
SHBI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SHBI has a been trading in the 14.96 - 17.23 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SHBI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.26
17.31
3 important support areas can be observed.
- A support zone ranging from 15.82 to 16.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.18 to 15.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.38 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @17.14 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHBI is up. |
| ChartMill Relative Strength | 79.32 | POSITIVE | SHBI has a high relative strength, it outperformed 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.53 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests SHBI has a positive trend. |
| Stochastics (14,3) | 95.47 | OVERBOUGHT | The high Stochastics value suggests SHBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for SHBI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.11
+0.01 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.06%
1 Week7.88%
2 Weeks6.54%
1 Month10.32%
3 Month18.08%
6 Month13.05%
12 Month20.49%
2 Year54.42%
3 Year-10.18%
5 Year75.49%
10 Year76.76%
15 Year77.12%
Volatility
ATR(14)0.34
ATR(20)%2.31%
ATR Inc-34.66%
Range Today0.22
ADR(20)0.38
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.32
Mansfield0.37
10 Day High17.23
10 Day Low15.7
20 Day High17.23
20 Day Low14.96
52 Week High17.61
52 Week Low11.47
CS1 End16.11
CR1 Start17.14
Volume & EV
DER(3)-0.46%
DER(5)0.78%
Volume99.60K
Volume Incr0.75%
Vol(5)129.84K
Vol(50)152.73K